I don't think Genesis had much choice about the order, it is either the G70 or nothing for a lot longer time, That would have really deadened the brand
Here is what the Genesis says in 2017 and may give us some insight into their thinking:
Autoweek: What does the G70 do for you as a product and in the strategic sense?
Raphael: The (compact) segment brings in, first, more volume because it's significantly larger than those for the G80 and G90. It’s a direct path to brand awareness because it puts more cars on the road. When I go to dinner or whatever and the valet parks the car, they’re starting to go from, “What is this?" to, "I like this,” and the G70 can get a lot more doing that.
It will also expand the demographics a bit. We’ll see a younger demographic coming to the brand, and we also think it will shift toward females. It won't be predominantly female, but it will be more. The G90, for example, tends to be a mature man’s car. The S-Class, 72, male -- that's what that tends to be.
So we'll get a new group of people -- and women, who are incredibly influential in buying cars, and that will be good for us. Finally, it can shift the settings toward performance. The G80 Sport handles well, but this car is even more energizing. It’s zippy and more fun to drive, and I think it's going to bring a different perspective and start rounding out the brand.
Autoweek: You don’t have crossovers or SUVs to sell, which takes you out of about half the luxury market, nor the hybrid/battery cars your competitors are rolling out from top to bottom. How much more difficult does that make your job?
Raphael: I don't think it makes my job any more difficult. If my success were measured purely by volume, then it might be a bigger problem, but my first assignment is building, establishing, a brand. In the meantime, people are still buying cars every day -- frankly, about 8 million this year -- as opposed to CUVs and trucks. In that sense, we just want to get our fair share of the segments we're in. The (G70 sedan’s) segment is still the largest in the luxury class.
Eventually, we have to do CUVs, SUVs, and that's going to be the next product after this one. We'll start there, and we've got more than one in mind.
That would be 2020 and ’21 (bold here is mine). By then, we’ll have a facelifted G90 and an all-new G80 with electrification. Based on our product cadence, which is roughly speaking one new product year for the next three, we should be presenting a car/truck mix that looks like the market. We expect to be there.
Read more:
5 questions for the boss at Genesis